Pavna Industries and Taiwan’s SmartChip form JV to advance electronic locks and EV component manufacturing in India, combining local expertise with global technology for expanded market reach.
16 Aug 2025 | 15025 Views | By Sarthak Mahajan
Pavna Industries Limited, a prominent manufacturer of automotive components in India, has entered into a joint venture agreement with SmartChip Microelectronic Corporation (SMC), a technology company based in Taiwan.
The newly formed entity will focus on the development and production of electronic locks and electric vehicle (EV) components, aiming ...
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Pavna Industries Limited, a prominent manufacturer of automotive components in India, has entered into a joint venture agreement with SmartChip Microelectronic Corporation (SMC), a technology company based in Taiwan.
The newly formed entity will focus on the development and production of electronic locks and electric vehicle (EV) components, aiming to serve both the automotive and non-automotive sectors. Applications are expected to include e-lock systems for residential and commercial use, as well as critical EV components such as motor controllers, throttle bodies, dashboards for two-wheelers and three-wheelers, and EV charging infrastructure.
Under the terms of the agreement, Pavna Industries will hold an 80% stake in the joint venture, while SMC will retain a 20% equity share. Pavna will contribute its operational expertise, manufacturing capabilities, procurement network, and established presence in the Indian automotive market to manage the JV’s operations within the country.
SMC will bring its technical know-how, research and development capabilities, and innovations in electronic systems—particularly in the areas of automotive e-locks and EV technologies. The collaboration aims to leverage SMC’s engineering strengths to ensure the joint venture remains competitive in terms of technology and product development.
Pavna Industries, originally incorporated as Pavna Locks Limited on April 19, 1994, has evolved into a key player in the South Asian automotive component sector. The company operates advanced manufacturing facilities in Aligarh (Uttar Pradesh), Aurangabad (Maharashtra), Pantnagar (Uttarakhand), with a new plant under development in Hosur (Tamil Nadu). These locations are strategically positioned near major OEM facilities, enabling efficient supply chain coordination.
The company’s product portfolio includes ignition switches, fuel tank caps, latches, auto locks, oil pumps, throttle bodies, casting components, and more. It serves a wide range of vehicle segments, including passenger vehicles, two-wheelers, three-wheelers, commercial vehicles, and off-road vehicles. Key customers include Bajaj, Honda, TVS, Mahindra & Mahindra, Royal Enfield, Ashok Leyland, Eicher Motors, Tork Motors, Revolt, and Mahindra Electric.
Pavna also exports its products to international markets such as the United States, Italy, Sri Lanka, Indonesia, Sudan, and Bangladesh. The company emphasizes innovation and quality, supported by in-house R&D and technical collaborations, including its existing Indo-Taiwan joint venture with Sunworld Moto Industrial Co.
SmartChip Microelectronic Corporation specializes in semiconductor design and electronic circuit development, with a focus on smart electronic modules for various industries. Its expertise in e-lock systems and embedded electronics for automotive and industrial applications is expected to play a central role in the joint venture’s product development strategy.
The partnership aligns with broader industry trends toward electrification and digitalization in mobility and security solutions. The joint venture aims to support the growing demand for advanced electronic components in India’s expanding EV market and smart infrastructure sectors.